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Quality

Quality Management

 

 

The quality management standards bring important changes to the way professional accountancy firms are expected to manage quality for audits, reviews, and other assurance and related services engagements. They include a new proactive risk-based approach to effective quality management systems within firms that establish the foundation for consistent engagement quality.

The new standards intend to improve engagement quality through:

  • Modernizing the standards for an evolving and increasingly complex environment, including addressing the impact of technology, networks, and use of external service providers
  • Increasing firm leadership responsibilities and accountability, and improving firm governance
  • More rigorous monitoring of quality management systems and remediating deficiencies
  • Enhancing the engagement partner’s responsibility for audit engagement leadership and audit quality; and
  • Addressing the robustness of engagement quality reviews, including engagement selection, documentation, and performance.

Design, implement and operate a system of quality management

1

Read and understand the new quality management standards

2

Design your firm's system of quality management

Use ISCA Quality Management Toolkit to guide you in developing your firm's customised quality management policies and procedures

Access the Toolkit here

 

3

Attend Quality Management workshops and webinars

Understand the requirements and get implementation help tips from ISCA's workshops and webinars

Join the latest workshops and webinars here

 

4

Access Quality Management publications and resources

A library of ISCA, IAASB and other resources

Read ISCA Audit Bulletin 3 and access other resources here

 

5

Get support for implementation - ISCA Quality Assurance Review Programme

Engage our QA Reviewers to review your firm's system of quality management and get recommendations on improvement areas and good practices

Find out more here

 

6

Get certified - ISCA Voluntary Compliance Programme

Demonstrate compliance with the new quality management standards to increase your firm's competitive advantage and build trust with clients and stakeholders

Find out more here

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Quality Management Workshops and Webinars